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Liquidated Damages Payable
9 Months Ended
Sep. 30, 2026
Liquidated Damages Payable [Abstract]  
Liquidated Damages Payable Liquidated Damages Payable
Liquidated damages were recorded as a result of the following: (i) certain registration rights agreements that provide for damages if the Company does not register certain shares of the Company’s common stock within the requisite time frame (the “Registration Rights Damages”); and (ii) certain securities purchase agreements that provide for damages if the Company does not maintain its periodic filings with the SEC within the requisite time frame (the “Public Information Failure Damages”).
Obligations with respect to the liquidated damages payable are summarized as follows:
As of September 30, 2026
Registration Rights DamagesPublic Information Failure DamagesAccrued InterestBalance
MDB common stock to be issued (1)$15 $— $— $15 
Series H convertible preferred stock (2)567 574 1,035 2,176 
Convertible debentures (2)— 144 119 263 
Series J convertible preferred stock (2)152 152 228 532 
Series K convertible preferred stock (2)166 70 541 777 
Total$900 $940 $1,923 $3,763 
As of December 31, 2025
Registration Rights DamagesPublic Information Failure DamagesAccrued InterestBalance
MDB common stock to be issued (1)$15 $— $— $15 
Series H convertible preferred stock (2)567 574 933 2,074 
Convertible debentures (2)— 144 106 250 
Series J convertible preferred stock (2)152 152 201 505 
Series K convertible preferred stock (2)166 70 455 691 
Total$900 $940 $1,695 $3,535 
(1)Consists of shares of common stock issuable to MDB Capital Group, LLC (“MDB”).
(2)Represents previously issued and converted debt or equity securities.
As of September 30, 2026 and December 31, 2025, the short-term liquidated damages payable were $3,763 and $3,535, respectively. The Company will continue to accrue interest on the liquidated damages balance at 1.0% per month based on
the balance outstanding as of September 30, 2026, or $3,763, until paid. There is no scheduled date when the unpaid liquidated damages become due.
During the three months ended September 30, 2026 and 2025, the Company recorded accrued interest on liquidated damages of $77 in each period. During the nine months ended September 30, 2026 and 2025, the Company recorded accrued interest on liquidated damages of $228 in each period.